You Won’t Believe What Happened to Bitcoin This Weekend… and It’s Not Good!

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Here’s the Latest in the World of Crypto:

  • Investors, still reeling from Trump’s tariffs, are trying to figure out where to place their panic bets — and guess what? They’re eyeing crypto now.
  • Bitcoin? Yeah, it’s lost 5% and is hovering at $79,000. That’s not ideal, folks. Other cryptos? Well, they’re getting a bigger beating.
  • “Black Monday” is trending on X. No, not the latest Netflix series—this one’s about a 1987 stock market crash. A little historical context, because why not?

So, remember when crypto fanatics were like, “Bitcoin is a safe haven!” last week? Yeah, not so much. Bitcoin was doing its best to stay strong while the stock market melted down thanks to President Trump’s unpredictable tariff tantrum. They were all like, “No worries, we’re decoupling from the stock market,” but it turns out, even Bitcoin can’t dodge the bullet forever.

Fast forward to Sunday afternoon: Bitcoin’s down 5%. Yeah, just shy of $79,000, while other cryptos like ether (ETH) are down 11% to $1,590, and solana (SOL) took a 10% dive to $107. Good times, right?

And if you thought this was all an isolated crypto crisis, well, it’s not. The phrase “Black Monday” is making its comeback. For those of you too young to remember (or who’d rather not), Black Monday refers to the catastrophic stock market plunge of October 19, 1987. The stock market just couldn’t handle it that day—losing almost a quarter of its value in one fell swoop. But don’t worry, it was all triggered by something as sensible as a currency war threat. How quaint.

Stock index futures? They’re probably going to open like they’re at a haunted house. Expect that at 10 pm UTC, if you’re still awake and hoping for a miracle.

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2025-04-07 00:45